The latest “he said, she said” in Shekhter dispute
involves assault

Los Angeles /
Dec.December 28, 2016 10:30 AM

In yet another court order, a Los Angeles Superior Court judge gave developer Neil Shekhter the boot at eight of nine recently sold Westside properties, despite an appellate court order that suspended the ownership transfer of the disputed portfolio.

The most recent court order follows allegations that Shekhter physically assaulted the new owners of the multifamily portfolio, SPI Holdings. Shekhter’s former joint venture partner, AEW Capital Management, sold the portfolio to SPI for $430.5 million last month. 

Shekhter and his employees at NMS Properties tried to prevent the new managers from accessing the property, a complaint from SPI Holdings reads, according to the Los Angeles Business Journal.

He “physically assaulted one of [SPI-appointed] representatives by grabbing him by the neck and shoving him out the door of the managerial spaces at one of the properties,” the complaint alleges.

Shekhter’s version of the events is quite different. He alleges SPI and AEW violated the law when they “commandeer[ed] control” of the disputed properties using a “small army of professional hackers, locksmiths, and private security guards,” in his own complaint, filed before SPI’s claims,

The latest order demands both sides to decide on a neutral, third-party manager to oversee the properties until the ownership dispute is resolved. If they don’t decide by Jan. 3, Judge Gerald Rosenberg will make the appointment. [LABJ]Cathaleen Chen

 

Related Articles

arrow_forward_ios
9710 Zelzah Avenue with NMS Properties' Neil Shekhter and Bascom's Derek Chen (top right), David Kim (bottom right) and Jerry Fink (bottom left) 
Shekhter sheds two SF Valley properties for $52.5M
Shekhter sheds two SF Valley properties for $52.5M
Neil Shekhter and 21021 Vanowen Street in Canoga Park (Google Maps, Shekhter by Kevin Scanlon)
Shekhter sells Canoga Park apartments
Shekhter sells Canoga Park apartments
Neil Shekhter, WS Communities CEO Scott Walter and 1550 Lincoln Boulevard
Shekhter’s WSC gets $125M loan for LA resi developments
Shekhter’s WSC gets $125M loan for LA resi developments
Tishman Speyer to buy major Santa Monica resi portfolio
Tishman Speyer to buy major Santa Monica resi portfolio
Tishman Speyer to buy major Santa Monica resi portfolio
Neil Shekhter (Shekhter by Kevin Scanlon; iStock)
Santa Monica mega-portfolio officially hits market
Santa Monica mega-portfolio officially hits market
NMS Properties' Neil Shekhter and renderings of 1325 6th Street, 1437 6th Street, 1430 Lincoln Blvd. and 1318 Lincoln Blvd. in Santa Monica (Kevin Scanlon, WSC)
City for sale: Shekhter looks to unload mega-portfolio in Santa Monica
City for sale: Shekhter looks to unload mega-portfolio in Santa Monica
Neil Shekhter with NMS 1548 Sixth and NMS Northridge
NMS Properties’ multifamily portfolio goes to special servicing, but why?
NMS Properties’ multifamily portfolio goes to special servicing, but why?
From left: Alan, Adam, and Alex Shekhter, with renderings of 501 Broadway and 601 Colorado (Credit: WS Communities and LinkedIn)
Shekhters’ WS Communities lands $157M loan to build 850 rental units in Santa Monica
Shekhters’ WS Communities lands $157M loan to build 850 rental units in Santa Monica
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...